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Lloyds Bank shares tumble 10% on motor commissions court ruling
Thursday 31 Oct 2024Just days after celebrating better-than-expected third-quarter net income and earnings, investors in Lloyds (LLOY) received a cold shower as the shares lost 10% of their value in response to a court ruling in a motor finance case. On 25 October, the Court of Appeal ruled in favour of three...
Tesla stock makes largest one-day jump since 2011
Thursday 31 Oct 2024Turning a lacklustre 2024 on its head, Tesla (TSLA:NASDAQ) delivered stronger third-quarter profits than Wall Street expected after the close on 23 October 2024. Elon Musk’s electric vehicle maker reported its first year-on-year bottom line growth of 2024 to the delight of investors, sparking a 22...
Trainline issues second profit upgrade in two months
Thursday 31 Oct 2024Trainline (TRN) 374p Gain to date: 15.1% Market cap: £1.5 billion It is barely two months since the rail ticketing app Trainline (TRN) said it was raising its full-year 2025 guidance and it has now repeated the trick. We flagged the stock’s appeal in early February because of the continuing...
Budget 2024: AIM rallies as infrastructure and hospitality firms toast measures
Thursday 31 Oct 2024The market gave a largely positive response to Labour’s first Budget with the domestic-facing FTSE 250 index and AIM market both enjoying strong gains following the unveiling of chancellor Rachel Reeves’ plans. While the inheritance tax exemption on AIM shares was halved it wasn’t abolished as had...
Baltic Classifieds is emulating Auto Trader and Rightmove in Eastern Europe
Thursday 24 Oct 2024Eastern European online automotive, jobs and property advertising portal, Baltic Classifieds (BCG) , is enjoying a strong run. Up 36% year-to-date, the shares have trebled from March 2022 lows and at 329p have nearly doubled from the 165p IPO price. The FTSE 250 company has 14 online classified...
What the narrowest corporate bond spreads in two decades mean for investors
Thursday 24 Oct 2024As the Federal Reserve signals the start of an interest rate cutting cycle aimed at recalibrating monetary policy, yields remain relatively high by recent historical standards. For example, 10-year US treasuries have a current yield a smidge above 4%. Investors looking to grab some extra yield...
Budget likely to feature a raft of ‘stealth taxes’ to raise revenue
Thursday 24 Oct 2024Unfortunately for the new chancellor, and by extension taxpayers, the latest public finance figures reveal there is ‘no magic money tree bathed in the light of a rainbow,’ as AJ Bell’s head of financial analysis Danni Hewson put it. Government borrowing in September was £16.6 billion, the highest...
The market is looking for Visa lawsuit clarity
Thursday 24 Oct 2024It’s been an unusually bumpy spell for Visa (V:NYSE) since finding itself threatened with being hauled over the regulatory coals. In September, the US Department of Justice launched a lawsuit against the credit and debit cards colossus over claims that Visa has been unfairly monopolising its debit...
Why former stock market darling Fevertree Drinks has lost its fizz
Thursday 24 Oct 2024Priced at 756.5p at the time of writing, shares in premium mixers pioneer Fevertree Drinks (FEVR:AIM) are down 30% over one year, have shed more than 60% of their value over five years and trade below their 935p Covid low. Downgrades have dampened investors’ thirst for the tonic water-to-ginger...
Why Simply Be owner N Brown is enjoying a major bounce
Thursday 17 Oct 2024Shares in N Brown (BWNG:AIM) have enjoyed a bounce since early summer, taking year-to-date gains to the best part of 60% as investors applaud progress against CEO Steve Johnson’s multi-year transformation plan. The turnaround of the Manchester-headquartered online clothing and homewares seller is...